AUDCAD quite bullish in structure
http://bit.ly/2kSyeUL
AUDCAD still looks very bullish in structure. We appear to be inside the start of a wave (iii) of 5 of II of a possible larger Y which technically speaking is a very bullish signal. Nevertheless, we await a daily candle close above 1.01345 to set pace for 1.03663/1.04365 target zone. More aggressive entries could be after the daily close of current candle forming a bullish engulfing candle. Nevertheless on the downside, a daily price close below 0.99752 will set the pace for 0.98547 as target at which point buy order accumulation might be seen again. See link for actual chart with levels to watch
AUDCAD still looks very bullish in structure. We appear to be inside the start of a wave (iii) of 5 of II of a possible larger Y which technically speaking is a very bullish signal. Nevertheless, we await a daily candle close above 1.01345 to set pace for 1.03663/1.04365 target zone. More aggressive entries could be after the daily close of current candle forming a bullish engulfing candle. Nevertheless on the downside, a daily price close below 0.99752 will set the pace for 0.98547 as target at which point buy order accumulation might be seen again. See link for actual chart with levels to watch
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